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's answer to the koch brothers. you may remember charles and david koch poured millions into the 2012 election but they may have met their match. thomas steyer, billionaire and former california hedge fund executive who's determined to put his own mind behind some environmental causes. a fitting topic for earthquake. he's already waged a few fights in california where he spent $50 million to support a proposition to fund energy projects and defeat another that would have suspended the state's global warming law. he took to the stage to promote the president's vision of a clean energy future. >> i say this not as the head of greenpeace or the sierra club, i say it as the head of an investment firm that's spent the last quarter century crunching numbers and making tough calls. president obama knows that advanced energy is america's future and my bet as a businessman is that he is exactly right. >> although the election is over, steyer remained in the spotlight. in april he hosted a fund-raiser at his home for president obama. he also appears to be gearing up to be a major player in the
, that we are too out there on the free market front. >> hockenberry: the koch brothers? >> david koch is the chairman of our afp foundation. we are glad to have his support. we don't disclose the level of contributions. but we are very proud to have their support. >> americans for prosperity. we're blessed with just such a leader in our chairman, david koch. >> hockenberry: with money from their oil and gas holdings, david koch and his brother charles, along with other powerful family foundations, have quietly become the venture capitalists of this free market ideology. >> ...american dream of free enterprise, capitalism is alive and well. >> the major funders of the climate countermovement are ideologically driven foundations that are very much concerned about conservative values and world views. >> hockenberry: sociologist and stanford fellow robert brulle is studying the funding patterns of these groups. in fact, he's noticed a new benefactor, an entity called donorstrust. >> hockenberry: who's donorstrust? >> donorstrust, i think, is a c-4 or c-3 that's given to us, absolutely. >>
influence. they had a story showing david koch showed up on the very first day of the tea party congress, that was the first day i interviewed him. before i spoke to him. he went in the speaker's office, congratulating i would assume speaker boehner, meeting with energy and commerce committee that a lot of that money had flowed to newly elected republicans to appeal environmental regulations. what happens after the purchase? isn't there a conflict of interest. cenk: they broke a great story about outside money breaking into two ballot initiatives in california, that money connected to the koch brothers. you think they're going to buy the paper and say yeah, continue to report on my illegal activities. >> my paper got me again. cenk: not going to happen. one important fact, the guy selling it, the original owner went bankrupt. so now the people who own it are j.p. morgan chase and two hedge funds. they're not going to give a damn about newspaper and editorial integrity. they'll be like koch brothers are paying more, take it. >> they're going to care what's in that newspaper as the private
controversy, the brothers koch. charles and david koch, the controversial and conservative brothers, energy billionaires, crusaders against bloated, big government, funders of the tea party movement are said to be interested in buying the l.a. times. one reason is that newspapers, so battered by the internet, are fabulously cheap, yet they still have profit margins a lot of businesses would envy. but the koch brothers have a conservative agenda, and that has nickers in a twist in hollywood and elsewhere. "the new york times" published a big story on sunday describing this as part of a ten-year strategy by the kochs to shift the nation to a smaller government with less regulation and taxes. now, that rattles folks like the editor-in-chief of the, a hollywood web site, who writes, quote: the koch brothers are known for having funneled multiple millions of dollars into right-wing political campaigns. this news should make anyone who cares about journalism nervous. well, i care about journalism, i'm not nervous. the chandler family founded the l.a. times in 1888 as a conservative newspa
, you know what, i just might. i just might. david koch is a friend of mine. i've got to get out. >> very quickly. i agree with steve. if they were to try to influence opinion on the news, steve is right. that shouldn't be allowed either. >> all right. i'm with you on that. i'm just saying, how do you know they're going to do that? that's all. steve pearlstein, thank you. brent boezel, as always. we appreciate it. now, what happened to the spring? i'm talking weather here. we're in the middle of one of the coldest spring seasons recorded in history. how cold is it? we have that story and much more just ahead. the ocean gets warmer. the peruvian anchovy harvest suffers. it raises the price of fishmeal, cattle feed and beef. bny mellon turns insights like these into powerful investment strategies. for a university endowment. it funds a marine biologist... who studies the peruvian anchovy. invested in the world. bny mellon. i've always had to keep my eye on her... but, i didn't always watch out for myself. with so much noise about health care... i tuned it all out. with unitedhealth
war room," david. >> thank you for having me. >> michael: what makes this so valuable to the koch brothers. >> the reports you put together was based on a "new york times" story. i bring that up, because much of the news today, because of the changes in journalism much of the news is still based on the firsthand reporting of newspapers. so what the koch brothers see in the tribune company is not necessarily a company that can make big profits for koch industries unto itself, that is to say the eight newspapers that the tribune owns are not necessarily profit-making themselves, but what the koch brothers see is an instrument to influence the news from the ground up, from the place where news really happens, so that when stories in "the los angeles times" or the other papers that the tribune company owns, if they are skewed originally both in what they choose to be news and how they report that news then it stands to reason that television stories, what television reports will be skewed, what radio reports will be skew, and what even the internet outlet repo
are the wrong hands? dennis kneale has the story. >> hey, twice. the controversial and conservative koch brothers, charles and david, energy billionaire, crude saiders against bloated big government, funders of tea party are said to be interested in buying "the l.a. times." that has nickers in a twist in liberal hollywood and elsewhere. that bastion of editorial page liberalism, "the new york times" published a big story on sunday describing this as a part of a 10-year strategy the koches to shift the nation to smaller government and less regulation and less taxes. horrors, smaller government. the koch brothers funded cato institute, heritage foundation as well as americans for prosperity, a tea party advocate. that rattles the editor-in-chief of the a hollywood website who writes, koch brothers are known for fun nilling millions of doll into right-wing and ultraright-wing political campaigns. this should make anyone who cares about journalism nervous. the chandler family founded "l.a. times" in 1838 as conservative paper. no complaints were raised after reports democratic billio
enterprise institute. charles koch along with his brother david also established the claude r. lamm charitable foundation. those two have the same source. and they direct that foundation's giving as well. this foundation provided almost $5 million to climate-denying think tanks and institutes including over $1 million to the cato institute and more than $2 million to the heritage fadges. foundation. the earhart foundation was started by henry earhart using funds from his oil business, now a part of -- you guessed it -- exxonmobil. the earhart foundation has donated almost $1.5 million to climate-denier groups, $370,000 to the american enterprise institute, $3 poo,000 to the cato snurkts and another $195,000 for the george c. marshal institute. that leaves us of course exxonmobil itself, which is the second-largest corporation in the world and often the most profitable. ranked number one among fortune 500 companies, it's total revenues reached nearly half a trillion dollars in 2012, and their profits were nearly $45 billion. exxonmobil produces over 6 million barrels of oil per day a
Search Results 0 to 8 of about 9 (some duplicates have been removed)